The Secret of Successful Trading

"Successful traders have a larger edge and better money management than unsuccessful traders. Unlike popular belief however, this study shows that the smaller edge of successful traders is not the cause of their failure. Traders' failures can be explained almost exclusively by their poor money management practices."

"The Secrets of Successful Trading", Fernando Diaz

Thursday, May 7, 2009

Bank stress test Vs ECB/BOE rate decision



With all the important news releases today, the EU had been stucked in a range since yesterday. Previously for the past few months the interest rate decision was only the factor behind the move on the 1st week of the month but this month was abit different as we have the banks stress test result which would also be release later in the day, this would thus significantly impact the currencies market.

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